The Bank of America Customized Cash Rewards Credit Card offers a variety of benefits and features aimed at cardholders’ flexibility and ability to earn rewards based on their spending preferences.
If you want to know even more about these advantages offered by the institution, just continue following the article below. Let’s go!
Bank of America Customized Cash Rewards Credit Card Benefits and Perks
The Bank of America Customized Cash Rewards Card works in a completely new format and brings a wide range of benefits. Among them we can mention:
- Personalized Rewards: Cardholders can earn a higher cashback percentage on a category of their choice, such as gas, online shopping, travel, dining, and more. This allows users to tailor their rewards to their spending style.
- Reward Rates: Generally, the card offers a fixed percentage of cashback on all other purchases, in addition to the high percentage in the chosen category and other standard categories.
- Sign-up Bonus: New cardholders may have the opportunity to earn a sign-up bonus after spending a specified amount on purchases within a certain period of account opening.
- No Annual Fee: The card, in its standard offering, generally does not have an annual fee.
- Flexibility in Redemption: Earned cashback can be redeemed as an account credit, deposit into a Bank of America account, or even as a check.
- Bonuses for Bank of America Customers: Customers who have certain types of Bank of America or Merrill accounts may be eligible for additional reward bonuses.
- Fraud Protection: The card comes with fraud protection, ensuring that cardholders are not held responsible for unauthorized transactions.
- Purchase Protection and Warranties: Some additional benefits may include purchase protection, which protects eligible purchases from damage or theft, and extended warranties.
- Customer Service: Bank of America offers 24/7 customer service for card-related issues.
These are some of the card’s most outstanding benefits, but specific offers may vary based on region, current promotions and other factors.
The Bank of America Customized Cash Rewards Credit Card has no minimum income requirement to apply, but you do need to have a good credit history and a credit score of at least 670.
In addition, it offers up to 3% cashback on a category of your choice, 2% on wholesale supermarkets and clubs, and 1% on all other purchases. You can also redeem your cashback in a variety of ways, such as deposits into a Bank of America account, crediting a Merrill account, or contributing to a 529 savings plan with Merrill.
The Bank of America Cash Rewards personalized credit card does not have an annual fee.
Depending on your credit history and market conditions, an interest rate (also known as APR – Annual Percentage Rate) will be applied to the balances you carry from one month to the next. This fee can vary, and there are different fees for purchases, balance transfers, and cash advances.
Bank of America, like many other major banks, offers a mobile app for its customers to conveniently manage their accounts. With the Bank of America app, users can:
- View recent balances and activity: View your checking, savings, and credit card balances, as well as recent transactions.
- Transfer money: Make transfers between your Bank of America accounts or to accounts at other banks.
- Pay bills: Set up and manage bill payments, including recurring payments.
- Deposit checks: Use your device’s camera to deposit checks directly from the app.
- Find branches and ATMs: Find the Bank of America service points closest to you.
- Configure alerts: Receive notifications about your account, such as low balance alerts or suspicious transaction notifications.
- Manage cards: Lock or unlock your card, report loss or theft, and view information about rewards and benefits for your card.
To download the app, go to:
- The Bank of America customer service telephone number is as follows: 800.432.1000 .
- Specific phone number for service in Spanish: 800.688.60863 .
Support is available Monday through Friday from 8:00 AM to 11:00 PM Eastern Time and Saturday and Sunday from 8:00 AM to 8:00 PM Eastern Time.